Please study the 15 vocabulary terms below. Then press the Mark Complete button to continue.
- appraisal
- bonus
- commission
- cut
- face
- incentive
- increment
- minimum wage
- motivate
- overtime
- pension
- perk
- praise
- recognize
- severance package
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A formal assessment meeting between management and an employee to discuss work performance.
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During Martin's appraisal he asked for an increase in his salary.
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An extra amount of money paid to an employee on top of their normal salary.
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Traditionally, small companies paid bonuses once a year before Christmas.
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An extra amount of money paid to an employee for closing a sale.
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Salesmen receive a 5% commission on all sales.
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A reduction or decrease in something.
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Due to poor financial performance the company is considering pay cuts.
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To encounter or confront.
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The company is facing its greatest challenge.
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A reason to work harder or work more effectively.
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He was attracted to the job partly because of the salary, but also because of the excellent incentive scheme.
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Something added or gained by a fixed amount.
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The starting salary was 22,000 with increments of 2.5%.
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The lowest amount of payment which a worker can legally receive.
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Tips are important for waiting staff as they are often on minimum wage.
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To give someone a good reason to do something.
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The company used incentives and bonuses to motivate their staff to work harder.
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Extra time spent working, exceeding the normal contracted time.
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His wife was fed up with him working overtime every night.
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The money which a person receives after they retire.
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Mary is looking forward to her retirement but she is also worried that her pension will not be as high as she had hoped.
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A non-cash benefit.
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The company offers excellent perks to its staff including a company car and gym membership.
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Written or spoken approval or compliments.
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Andre was annoyed that he didn’t get a pay rise even though he received praise from his supervisor.
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To acknowledge with a show of appreciation.
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The award recognizes Georges’ hard work and dedication.
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Monies or other benefits which are given to an employee who has been dismissed.
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When the company closed all staff received generous severance packages.